SharkNinja, Inc. (NYSE:SN) Holdings Lessened by Engle Capital Management L.P.

Engle Capital Management L.P. lowered its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,000 shares of the company's stock after selling 117,000 shares during the period. SharkNinja accounts for approximately 6.8% of Engle Capital Management L.P.'s holdings, making the stock its 4th biggest holding. Engle Capital Management L.P. owned 0.17% of SharkNinja worth $22,685,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SN. Harbor Capital Advisors Inc. boosted its holdings in shares of SharkNinja by 30.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock valued at $11,430,000 after buying an additional 27,436 shares in the last quarter. Cannell & Spears LLC bought a new position in SharkNinja in the 4th quarter worth about $18,125,000. Janney Montgomery Scott LLC boosted its stake in SharkNinja by 112.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock worth $1,066,000 after purchasing an additional 5,790 shares in the last quarter. FMR LLC boosted its stake in SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in SharkNinja in the 4th quarter worth about $37,187,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

SN stock traded up $6.61 during midday trading on Monday, hitting $98.86. The company's stock had a trading volume of 3,006,175 shares, compared to its average volume of 1,442,174. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The company has a 50 day moving average of $81.92 and a two-hundred day moving average of $95.87.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $1.06 EPS. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SN shares. JPMorgan Chase & Co. dropped their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group boosted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday. The Goldman Sachs Group boosted their target price on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Oppenheimer boosted their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.50.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.